Hemp, Inc. Distribution Deal with Quadco, LLC Featured in North Carolina’s The Rocky Mount Telegram

Hemp, Inc.August 1, 2018

SPRING HOPE, NC, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today that the company was featured in an article by The Rocky Mount Telegram regarding Hemp, Inc.’s signing of an agreement with Alaska-based gas and oil drilling services company Quadco, LLC to distribute DrillWall™, a Loss Circulation Material (LCM). LCM is a term for substances added to drilling fluids when drilling fluids are being lost to the formations downhole.

The article, “ Hemp plant signs distribution deal,” highlights Hemp, Inc.’s new partnership with Quadco, LLC to provide environmentally-friendly products for the gas and oil drilling industries in Alaska. Specifically, Quadco will be distributing DrillWall™, which is comprised of a proprietary blend of hemp and kenaf. DrillWall™ is non-toxic and biodegradable, and is a mixture of micronized organic cellulose fibers that has been field proven for all types of drilling fluid formulas including water-based fluids (WBM), oil-based fluids (OBM), synthetic based fluids (SBM) and constant rheology fluids (CR-SBM).

The article notes that Hemp, Inc. CEO Bruce Perlowin is already working toward meeting increased demand by expanding the operational abilities of Hemp, Inc.’s existing operations in Spring Hope. The article also discusses Perlowin’s plans to build upon Hemp, Inc.’s success with a focus on the development of cannabidiol (CBD) oil and partnerships with hemp farmers nationwide.

The Rocky Mount Telegram covers Rocky Mount, North Carolina both in print and online, and its website reaches over 60,000 unique monthly visitors. Hemp, Inc.’s 85,000 square foot industrial hemp processing and manufacturing facility in Spring Hope, North Carolina has been operational since August 2017 and creates products for the gas and oil drilling industries, among others. It took Hemp, Inc. $20,000,000 and four years to build and beta test its industrial hemp processing facility.

After the first two semis were delivered to Quadco, LLC, David Schmitt flew in from North Carolina to meet with Hemp, Inc.’s Alaskan Hemp Ambassador, Jack Bennett and Quadco. They are arranging ways to streamline the delivery to Alaska and working on storing Hemp, Inc.’s Drillwall™ in a facility in the Northern Slope instead of Anchorage (the Quadco headquarters and main warehouse location). In bad weather, the driller can’t afford to run out of Drillwall™ so it is advantageous for them to have a ready supply all year around.

David Schmitt told Hemp, Inc. CEO, Bruce Perlowin, that his trip was incredibly successful, and he thinks Quadco, LLC could be a very large customer for Hemp, Inc.’s Drillwall™ LCM. While this is not etched in stone, we expect after a 6-month ramp-up period, that Quadco could be ordering as much as 10 truckloads of Drillwall™ per month.

Perlowin said, “This is a fitting end to a long journey and now it’s time to take the next journey. We are now at the beginning of a functional industrial hemp processing facility that has been up and running for a year and shipping out product by the semi-load. We did not build this plant to ship out pallets of a product. We built it to ship out semis of product. Now, all we need to do is expand the capacity of our plant to keep up with the demand. We are in the process of doing that. I’m now currently focusing our attention on Division Two (the extraction infrastructure) and Division Three (the farming infrastructure). Both of these Divisions are making quantum leaps in their respective hemp infrastructure implementation. We are looking to build smaller industrial hemp processing centers all over America (or where hemp is being grown) to launch our King of Hemp™ brand into the marketplace.”

He continued, “We expect this Division to be even more profitable based on our initial thrust into the marketplace than the huge operational facility in North Carolina. Quadco, LLC will market Drillwall™ to all of the drilling companies in Alaska. This is in addition to the customers we are currently serving in the Permian Basin in Texas. Industrial Hemp Manufacturing, LLC (IHM) has also been testing Drillwall™ in Kuwait as well as Saudi Arabia.”

For a more complete description on the Veteran Village Kins Community, read the following, modified, October 24, 2017 press release, Hemp, Inc. Announces Strategic Hemp Growing Partner “Veteran Village Kins Community Arizona, Inc.” Completes Final Site Plan Blueprints, below:

Hemp, Inc. has announced that its strategic growing partner, “Veteran Village Kins Community Arizona, Inc.,” has completed its final site plan blueprints for its 500-acre site in Golden Valley, Arizona (20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV). The site plan was submitted to the Mohave County Building Department for final review. The Company is also in the final stages of completing the necessary infrastructure to support an off-grid, renewable, energy system. With the solar equipment in place, the site’s solar power operation will be completed in the next days.

As soon as the live streaming video cameras are up and operational (scheduled near the end of July 2018), the world can actually see the way the Veterans Village Kins Community is designed and watch it being built. According to Perlowin, the basic framework or overall plan of the Veterans Village Kins Communities is to create a holistic healing and learning center that is designed to educate and heal veterans with PSTD, alcoholism, meth addiction, opioid addiction, and other psychological conditions while at the same time training them on the numerous aspects of being part of the emerging multi-billion dollar hemp industry.

We will also be building hemp-growing communities for other groups such as “Abused” Women & Children Village Kins Communities, the “Orphaned” Children Village Kins Communities, “Homeless” Village Kins Communities and the “Healers” Village Kins Communities (the healers are professionals who are knowledgeable in the modalities to treat these traumatized groups). These particular communities are all synergistically aligned to work simultaneously supporting each other.

For example, the “Healers” heal the traumatized veterans and women & children; the women support orphan children and orphan children want to see people living in homes and not homeless. Thus, a portion of the hemp grown in each community goes to create and support another community, giving everybody a sense of giving back and helping others as they help themselves. This circles back to the healers who also work to heal the veterans and the other traumatized groups. This is the economic foundation on how the sale of the hemp products operates as a “quantum economic matrix” or an example of “symbiotic economics” which is more complex than this brief description allows.

Dwight Jory, the Project Manager for the “Veteran Village Kins Community Arizona, Inc.,” said, “We are very happy with the progress. Our Kins Community is really beginning to come together.” In anticipation of planting to begin during the spring, 300 acres have been fenced, 16 overnight trailer park sites are under construction, and six 40x40-ft organic vegetable gardens have been planted and are currently producing food and kenaf, according to Jory. These organic gardens double as experimental growing modules using an entire array of different growing technologies to see which modalities grow the best in a desert environment. As for the 6 geodesic domes mentioned in an earlier press release, 1 is structurally complete with only the electrical and plumbing to be completed. The rest are on site awaiting final site plan approval.

“We are now accepting volunteers who have expressed an interest in helping to build the first Kins Community for our veterans,” said Jory. Those interested in making the first hemp growing CBD-producing “Veteran Village Kins Community” become a reality should contact Ms. Sandra Williams via email (swilliams@hempinc.com).

One thousand trees, on 36 of the 500-acres, have also been planted, with an additional 1,000 trees on order. The “Veteran Village Kins Community” will include a 100,000-square foot GMP compliant, central processing plant, a state-of-the-art testing laboratory, and various health and wellness centers to support veterans who may have psychological, emotional or health issues.

“As Hemp, Inc. positions itself on the forefront of America’s industrial hemp revolution, we see our partnership with ‘Veteran Village Kins Community Arizona, Inc.’ being paramount in supporting the small family farm movement that we are confident will reshape the American landscape,” said Perlowin. “As we work toward getting our eco-village up and running in Arizona, we are also aggressively scouting strategic locations in other states including North Carolina, South Carolina, Florida, Georgia, Kentucky, Tennessee and West Virginia. Giving veterans and other Americans a place to learn new skills and take part in this multi-billion-dollar hemp CBD market is very exciting. It’s a big part of our mission to give back. Recently we have expanded our Kins Community concept internationally focusing, but not limited to, Israel, New Zealand, Canada, Africa, and Uruguay.”

According to Perlowin, we hope to have 50 “master hemp growers” working on their first Veteran Village Kins Community in Arizona. To date, we have growers from Oregon, Colorado, California, Kentucky, North Carolina, Nevada and, Arizona who have expressed an interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on 5 of the 300 fenced acres in Arizona. Perlowin says he’ll call this “The Great United American Hemp Project.” Any grower having an interest in pursuing a joint venture on 5 of the 300 fenced in acres in Arizona should contact Project Manager Dwight Jory. Or, anyone interested in attending the 2 - 7-day hands-on hempcrete house building should contact Dwight Jory as well. (Dates to be determined.)

ABOUT HEMP, INC.

With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

“Hemp, Inc. Presents” is capturing the historic, monumental re-creation of the hemp decorticator today as America begins to evolve into a cleaner, green, eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Watch as Hemp, Inc., the No. 1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article ” The Return of the Hemp Decorticator ” by Steve Bloom.

Across the globe, the hemp industry is rising to astronomical levels. In the wake of the hemp industry projected to grow 700% and hit $1.8 billion by 2020, there has been more education and networking within the industry. That means more events and conferences, thus, Hemp, Inc. has started compiling an ongoing list of upcoming hemp events around the world. Check out the listing of international and domestic events here.

FORWARD-LOOKING DISCLAIMER AND DISCLOSURES

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.